English 
Venture Global, Inc. and Tokyo Gas Co., Ltd. have made it public that a new long-term liquefied natural gas purchase and sale agreement has been concluded by them. This contract allows for Tokyo Gas to acquire 1 million tons of LNG per year from Venture Global over a period of 20 years. The deliveries will start in 2030.
This deal is Venture Global’s fourth long-term contract with a Japanese company. Over the past six months, the company has signed a total of 7.75 million tons per year in long-term LNG agreements. That shows the strong demand for U.S. LNG in Japan and the wider Asian market.
The agreement will give 東京ガス a stable supply of LNG to meet its long-term energy needs and help with energy security. For Venture Global, it adds another big customer to its growing list of international buyers. Through this, the firm is able to lock in steady revenue for the distant future and also give a push to its LNG projects.
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The Japanese firms want to gain access to the LNG market of U.S. and thus reduce their dependency on a single source of energy. Besides, Venture Global is thriving by taking steady growth path through long-term contracts like this one. This deal is part of that plan and shows the company’s expansion strategy in the global LNG market.
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